Lower Valley Quadruplex
10540 Socorro Road Socorro, TX 79927
For Sale
$310,000
MULTI_FAMILY - Socorro, TX
Property Size3,710 SF
Lot Size0.33 Acres
Price / SF$83.56
Days on Market191
Property Features for 10540 Socorro Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
C1
Appliances
Water Heater, Microwave, Free-Standing Gas Oven
Standard status
Active
APN
380096
Size
3,710 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
23 SOCORRO TR 2 (HISTORICAL DISTRICT) (0.33 AC)
Tax Annual Amount
7884
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Varies by Unit, Evaporative Cooling, Window Unit(s)
Building Details
Year built
1965
Number of units
4
Flooring type
Tile, Laminate, Carpet
Building materials
Stucco
Roof type
Flat, Shingle, Rolled Hot Mop
Listing Agency:
The Real Estate Power Houses
(915) 549-4663
Listed By:
Tim Rich
(915) 256-8444
Added: Jan 20
Changed: Jul 29
Last Checked: Jul 30 at 6:06AM
MLS# 936846
Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is an excellent investment opportunity located in the Lower Valley. It features a well-maintained quadruplex with strong rental potential. The property offers a versatile unit mix suitable for both owner-occupants and investors. Unit 1 is a spacious 4-bedroom unit with a 3/4 bath, updated and equipped with refrigerated air, and is valued at $1,200.00. Unit 2 is a 1-bedroom unit with a 3/4 bath. Unit 3 is a 2-bedroom unit with a 3/4 bath and is valued at $750.00. Unit 4 is a studio with a 3/4 bath and is valued at $525.00. All units are in good condition, offering functional layouts and comfortable living spaces. The property is located on a 0.33-acre lot. The building size is 3710 square feet. This property presents an excellent opportunity for steady cash flow with upside potential in a desirable Lower Valley location and is a solid addition to any investment portfolio.
Key Highlights
- Quadruplex built in 1965 with unit mix including a 4‑bedroom and three additional units (1‑bedroom, 2‑bedroom, and studio).
- Unit 1 is a 4‑bedroom, 3/4 bath with updated refrigerated air and listed rent of $1,200/month.
- Unit 3 is a 2‑bedroom, 3/4 bath with listed rent of $750/month.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.8k | $14.76 |
| − Vacancy | −$3.4k | −$0.93 |
| EGI | $51.3k | $13.83 |
| − OpEx | −$23.1k | −$6.22 |
| NOI | $28.2k | $7.61 |
3,710 SF · lease $14.76/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$439.5K
$384.6K – $512.8K
NOI $30,765 @ 7.0% cap · market cap 9.92%
Second Best
Apartment 5plus
$403.1K
$352.8K – $470.3K
NOI $28,220 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$670.5K
$586.7K – $782.2K
NOI $46,933 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadruplex in Socorro, TX with strong rental potential.
Where is this quadplex located?
The property is located at 10540 Socorro Road Socorro, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Quadruplex built in 1965 with unit mix including a 4‑bedroom and three additional units (1‑bedroom, 2‑bedroom, and studio).; Unit 1 is a 4‑bedroom, 3/4 bath with updated refrigerated air and listed rent of $1,200/month.; Unit 3 is a 2‑bedroom, 3/4 bath with listed rent of $750/month.
